CFI 088/2019 (1) Al Soor Investments Llc (2) Al Baraka Investments Llc (3) Sari Investments Llc v (1) Julius Baer (Middle East) Limited (2) Bank Julius Baer & Co Ltd (3) Mr Emad Odeh (4) Mr Nico Tschui
CFI 088/2019 (1) Al Soor Investments Llc (2) Al Baraka Investments Llc (3) Sari Investments Llc v (1) Julius Baer (Middle East) Limited (2) Bank Julius Baer & Co Ltd (3) Mr Emad Odeh (4) Mr Nico Tschui
October 13, 2020  Court of First Instance -Orders
Claim No: CFI 088/2019
THE DUBAI INTERNATIONAL FINANCIAL CENTRE
COURTS
IN THE
COURT
OF FIRST INSTANCE
BETWEEN
(1) AL SOOR INVESTMENTS LLC
(2) AL BARAKA INVESTMENTS LLC
(3) SARI INVESTMENTS LLC
Applicants
and
(1) JULIUS BAER (MIDDLE EAST) LIMITED
(2) BANK JULIUS BAER & CO LTD
(3) MR EMAD ODEH
(4) MR NICO TSCHUI
Respondents
CONSENT ORDER
UPON
reading the First Respondent’s Application Notice dated 17 May 2020 seeking to challenge the
Court
’s
jurisdiction
(the “
Application
“)
AND UPON
reading the Court’s file
AND UPON
the Applicants and the First Respondent having agreed to the terms set forth in this Consent Order
BY CONSENT IT IS ORDERED THAT:
1. The First Respondent’s Application is withdrawn.
2. The hearing of the Application scheduled to take place at 11 am, on 20 October 2020 before H.E. Justice Ali Al Madhani, be vacated.
3. The Applicants and the First Respondent agree to liaise with each other for the purposes of agreeing a timetable for the proceedings.
4. Costs are reserved.
Issued by:
Nour Hineidi
Deputy Registrar
Date of issue: 13 October 2020
Time: 11am